China's Oil Production Surges, Foreign Investors Face Hurdles

Chinas oil production soars, ending Seven-Year Action Plan with record output, driven by increased drilling, unconventional oil, and sector restructuring. Despite private company involvement, state-owned enterprises dominate, with PetroChina leading. Foreign investors face challenges, suggesting domestic gains wont displace import dependence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.